Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BND Vanguard Total Bond Market ETF | Total Bond Market | 64% |
IGOV iShares International Treasury Bond ETF | International Government Bonds | 16% |
VEA Vanguard FTSE Developed Markets ETF | Foreign Large Cap Equities | 7% |
VTI Vanguard Total Stock Market ETF | Large Cap Blend Equities | 13% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Income Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Jan 29, 2009, corresponding to the inception date of IGOV
Returns By Period
As of Apr 11, 2026, the Income Portfolio returned 0.92% Year-To-Date and 3.55% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | -0.11% | 2.78% | -0.42% | 4.03% | 27.10% | 18.38% | 10.55% | 12.70% |
Portfolio Income Portfolio | -0.12% | 1.51% | 0.92% | 2.26% | 10.80% | 6.37% | 1.66% | 3.55% |
| Portfolio components: | ||||||||
BND Vanguard Total Bond Market ETF | -0.15% | 0.46% | 0.39% | 0.77% | 6.32% | 3.55% | 0.28% | 1.69% |
VTI Vanguard Total Stock Market ETF | -0.12% | 3.06% | 0.25% | 4.74% | 29.52% | 19.61% | 10.91% | 14.16% |
IGOV iShares International Treasury Bond ETF | -0.19% | 2.00% | -0.10% | -0.13% | 2.32% | 1.84% | -4.12% | -1.25% |
VEA Vanguard FTSE Developed Markets ETF | 0.28% | 6.32% | 8.62% | 16.60% | 41.44% | 17.90% | 9.43% | 9.81% |
Monthly Returns
Based on dividend-adjusted daily data since Jan 30, 2009, Income Portfolio's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2023 with a return of +5.8%, while the worst month was Sep 2022 at -5.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Income Portfolio closed higher 54% of trading days. The best single day was Mar 13, 2020 with a return of +3.8%, while the worst single day was Mar 12, 2020 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.05% | 1.62% | -3.10% | 1.43% | 0.92% | ||||||||
| 2025 | 1.16% | 1.40% | -0.51% | 1.45% | 0.67% | 2.43% | -0.59% | 1.72% | 1.42% | 0.64% | 0.46% | 0.09% | 10.79% |
| 2024 | -0.56% | -0.15% | 1.29% | -2.89% | 2.28% | 0.73% | 2.51% | 1.87% | 1.48% | -2.67% | 1.61% | -2.31% | 3.01% |
| 2023 | 4.24% | -3.13% | 2.99% | 0.78% | -1.43% | 1.22% | 0.65% | -1.28% | -3.18% | -1.73% | 5.76% | 4.28% | 9.03% |
| 2022 | -2.79% | -1.46% | -1.94% | -5.41% | 0.61% | -3.47% | 3.51% | -3.75% | -5.63% | 0.87% | 5.21% | -1.75% | -15.39% |
| 2021 | -0.90% | -0.84% | -0.51% | 1.70% | 0.58% | 0.50% | 1.30% | 0.20% | -1.90% | 1.06% | -0.47% | 0.49% | 1.16% |
Benchmark Metrics
Income Portfolio has an annualized alpha of 1.87%, beta of 0.20, and R² of 0.43 versus S&P 500 Index. Calculated based on daily prices since January 30, 2009.
- This portfolio participated in 32.28% of S&P 500 Index downside but only 27.66% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.20 may look defensive, but with R² of 0.43 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.43 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.87%
- Beta
- 0.20
- R²
- 0.43
- Upside Capture
- 27.66%
- Downside Capture
- 32.28%
Expense Ratio
Income Portfolio has an expense ratio of 0.08%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
Income Portfolio ranks 44 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.29 | 2.23 | +0.06 |
Sortino ratioReturn per unit of downside risk | 3.35 | 3.12 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.91 | 4.05 | -1.13 |
Martin ratioReturn relative to average drawdown | 12.32 | 17.91 | -5.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 31 | 1.58 | 2.36 | 1.28 | 2.29 | 7.38 |
VTI Vanguard Total Stock Market ETF | 66 | 2.36 | 3.28 | 1.44 | 4.38 | 19.06 |
IGOV iShares International Treasury Bond ETF | 13 | 0.44 | 0.69 | 1.08 | 1.00 | 2.56 |
VEA Vanguard FTSE Developed Markets ETF | 79 | 3.09 | 4.11 | 1.56 | 4.57 | 18.43 |
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Dividends
Dividend yield
Income Portfolio provided a 3.07% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.07% | 3.07% | 2.84% | 2.38% | 2.10% | 1.80% | 1.85% | 2.22% | 2.35% | 2.07% | 2.18% | 2.13% |
| Portfolio components: | ||||||||||||
BND Vanguard Total Bond Market ETF | 3.92% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
VTI Vanguard Total Stock Market ETF | 1.13% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
IGOV iShares International Treasury Bond ETF | 1.41% | 1.41% | 0.59% | 0.00% | 0.11% | 0.39% | 0.00% | 0.24% | 0.31% | 0.19% | 0.69% | 0.12% |
VEA Vanguard FTSE Developed Markets ETF | 2.77% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Income Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Income Portfolio was 21.12%, occurring on Oct 20, 2022. Recovery took 673 trading sessions.
The current Income Portfolio drawdown is 1.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.12% | Sep 3, 2021 | 285 | Oct 20, 2022 | 673 | Jun 30, 2025 | 958 |
| -10.79% | Mar 9, 2020 | 9 | Mar 19, 2020 | 49 | May 29, 2020 | 58 |
| -5.77% | Feb 10, 2009 | 19 | Mar 9, 2009 | 18 | Apr 2, 2009 | 37 |
| -4.59% | May 9, 2013 | 32 | Jun 24, 2013 | 81 | Oct 17, 2013 | 113 |
| -4.49% | Jan 29, 2018 | 229 | Dec 24, 2018 | 42 | Feb 26, 2019 | 271 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 4 assets, with an effective number of assets of 2.19, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | BND | IGOV | VTI | VEA | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.11 | 0.13 | 0.99 | 0.82 | 0.61 |
| BND | -0.11 | 1.00 | 0.45 | -0.11 | -0.06 | 0.56 |
| IGOV | 0.13 | 0.45 | 1.00 | 0.14 | 0.34 | 0.68 |
| VTI | 0.99 | -0.11 | 0.14 | 1.00 | 0.83 | 0.62 |
| VEA | 0.82 | -0.06 | 0.34 | 0.83 | 1.00 | 0.69 |
| Portfolio | 0.61 | 0.56 | 0.68 | 0.62 | 0.69 | 1.00 |
AI Insight on Diversification
The portfolio is moderately diversified, with a mix of fixed income and equity positions that exhibit varying degrees of correlation. The highest correlations among individual positions are between VTI and VEA (0.83), indicating these two equity ETFs move quite closely together, which slightly reduces diversification within the equity portion. However, the bond ETFs BND and IGOV have a moderate correlation of 0.45, suggesting some overlap but still providing partial diversification within fixed income.
Notably, BND has low or slightly negative correlations with the equity ETFs (VTI: -0.11, VEA: -0.06), which enhances diversification by providing a buffer against equity market fluctuations. IGOV also shows relatively low correlations with equities, though somewhat higher than BND, supporting diversification but to a lesser extent.
The portfolio’s correlations with individual positions range from 0.56 (BND) to 0.69 (VEA), indicating that no single position overwhelmingly dominates the portfolio’s overall behavior. The slightly higher correlation with VEA suggests that this position might have a somewhat larger influence on portfolio returns compared to others, but the differences are not extreme.
Overall, the portfolio balances exposure across asset classes with some concentration within equities due to the high correlation between VTI and VEA. The presence of bonds with low or negative correlations to equities helps maintain a moderate level of diversification, preventing the portfolio from being overly concentrated or highly correlated across all holdings.